BAKU, Azerbaijan, March 18. Azerbaijan's net financial assets from foreign direct investments (FDI) grew by $742.4 million, while net financial liabilities decreased by $226.5 million last year.
Data obtained by Trend from the Central Bank of Azerbaijan shows that the total amount of foreign capital attracted in the form of direct foreign investments amounted to $7 billion, while the volume of direct foreign investments directed to the foreign economy reached $1.8 billion.
Overall, a deficit of $968.9 million was generated in foreign direct investments.
In the structure of foreign direct investments into the country’s economy, the share of the oil and gas sector accounted for 80.7 percent.
In the 2024 balance of payments, the decrease in net financial liabilities for the oil and gas sector (-$1.2 billion) was formed by the difference between the attracted investments in the sector ($5.7 billion) and the capital repatriation from the sector (-$6.9 billion), mainly consisting of crude oil and natural gas capital repatriated by international oil and gas consortia.
According to estimates, the total amount of foreign direct investments attracted to the non-oil and gas sector decreased by 32.1 percent, amounting to $1.4 billion.
